XML 57 R44.htm IDEA: XBRL DOCUMENT v3.25.2
EXPLORATION AND EVALUATION ASSETS (Details Narrative)
1 Months Ended 6 Months Ended 10 Months Ended 17 Months Ended
Aug. 31, 2023
Sep. 30, 2021
USD ($)
Sep. 30, 2021
CAD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2025
CAD ($)
Jan. 31, 2022
USD ($)
Jan. 31, 2022
CAD ($)
Aug. 31, 2022
USD ($)
Aug. 31, 2022
CAD ($)
Mining properties royalty, description           The royalty agreement consists of a net smelter returns royalty (the “Selebi NSR”) of 2% on the net value of sales of concentrate or other materials with respect to production from the Selebi mining licence, of which the Company has the right to buy-back 50% (Note 9). The royalty agreement consists of a net smelter returns royalty (the “Selebi NSR”) of 2% on the net value of sales of concentrate or other materials with respect to production from the Selebi mining licence, of which the Company has the right to buy-back 50% (Note 9).    
Percentage of acquired in two additional deposits 100.00%                
Precious Metals [Member]                  
Royalty payable percentage       5.00% 5.00%        
Base Metals [Member]                  
Royalty payable percentage       3.00% 3.00%        
Premium Nickel Group Proprietary Limited [Member] | Selkirk Net Smelter Return [Member]                  
Mining properties royalty, description               The royalty agreement consists of a net smelter returns royalty (the “Selkirk NSR”) of 1% on the net value of sales of concentrate or other materials with respect to production from the Selkirk mining licence, which the Company has the right to buy-back in full (Note 9). The contingent consideration agreement is on similar terms as the Selebi Mines contingent consideration. The royalty agreement consists of a net smelter returns royalty (the “Selkirk NSR”) of 1% on the net value of sales of concentrate or other materials with respect to production from the Selkirk mining licence, which the Company has the right to buy-back in full (Note 9). The contingent consideration agreement is on similar terms as the Selebi Mines contingent consideration.
Selebi [Member]                  
Acqusition cost           $ 5,178,747 $ 6,164,688    
Contingent consideration description           The contingent consideration agreement consists of two components: (i) a sliding scale payment of US$0.50/tonne of ore up to US$1.40/tonne of ore with respect to the discovery of new mineable deposits greater than 25 million tonnes of ore from a base case of 15.9 million tonnes, with a minimum grade of 2.5% nickel equivalent, accrued at the time of a decision to mine; and (ii) price participation of 15% on post-tax net earnings directly attributable to an increase of 25% or more in commodity prices, on a quarterly basis, for a period of seven years from the date of first shipment of concentrate or other materials. The contingent consideration agreement consists of two components: (i) a sliding scale payment of US$0.50/tonne of ore up to US$1.40/tonne of ore with respect to the discovery of new mineable deposits greater than 25 million tonnes of ore from a base case of 15.9 million tonnes, with a minimum grade of 2.5% nickel equivalent, accrued at the time of a decision to mine; and (ii) price participation of 15% on post-tax net earnings directly attributable to an increase of 25% or more in commodity prices, on a quarterly basis, for a period of seven years from the date of first shipment of concentrate or other materials.    
Selkirk [Member]                  
Acqusition cost               $ 244,954 $ 327,109
First Instalment [Member] | Selebi [Member]                  
Instalment amount to be paid   $ 1,750,000 $ 2,086,830            
Acqusition cost           $ 5,178,747 $ 6,164,688    
Paid instalment amount           $ 1,750,000 $ 2,086,830    
Second Instalment [Member] | Selebi [Member]                  
Instalment amount to be paid   25,000,000 34,107,500 $ 25,000,000 $ 34,107,500     25,000,000 34,107,500
Third Instalment [Member] | Selebi [Member]                  
Instalment amount to be paid   30,000,000 40,929,000         $ 30,000,000 $ 40,929,000
Selebi APA [Member]                  
Aggregate purchase price payable   $ 56,750,000 $ 77,123,330